Around 250 people got laid off on Dec/11/2019 - Wednesday. Tariq let go the entire Governance team...Still AIG is top heavy, having tons of 23, 24 & 25+. Make it lean top for AIG to survive. People who does the work are in 19, 20, 21 & 22. As per the note from risk modeling group, YOY premiums are going south. More lay-off are in the horizons........Start looking for greener pastures......
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I laughed, I cried, I filed for unemployment.
You obviously were not laid off. If you had been in the donut or hot chocolate line, you would have received a pink slip. I did not get free donuts before my pink slip right before Christmas last year, so AIG has upgraded the lay-off procedure. It used to be if your manager wanted to set up a conference call with you, that you knew you were fixing to be laid off. In hindsight, it is best to be in the donut line, get your money from AIG, and go do something you enjoy. Life is short!
Where was free donuts? I never saw any.
As for RIF, I haven't heard anything
AIG never files a warn notice, instead they offer two extra weeks that are added to the severance package, along with a confidentiality clause so everyone takes the package instead of filing suit or complaining.
Are you sure the layoff was that big? AIG didn't file a WARN notice with NY state
But... at least they served free hot chocolate and donuts this week to cheer up morales before handling out the pink slips. Make sure to say morales are great due to the hot chocolates on the next survey.